Aeon is a cryptocurrency that was launched in June 2014 as a lightweight mobile-friendly version of Monero, which is a privacy-focused cryptocurrency. It is intended to provide secure, private, and untraceable transactions. Aeon uses the CryptoNight-Lite algorithm, making it more suitable for mining on regular computers and mobile devices, compared to other cryptocurrencies that require specialized mining hardware.
One of the key features of Aeon is its emphasis on privacy and anonymity. It implements various privacy-enhancing technologies, including ring signatures, stealth addresses, and confidential transactions, to obfuscate transaction details and ensure sender and recipient anonymity.
Aeon is designed to have a limited supply of coins, with a constant block reward and gradual diminishing tail emissions. This means that while there is no hard supply cap, the emission rate of new coins reduces over time.
Aeon has a dedicated development team that regularly works on improving and updating the project. However, it is worth noting that Aeon has a smaller community and market presence compared to more prominent cryptocurrencies like Bitcoin or Ethereum.
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